Shares & Derivatives
Advancer Global Limited
By Mr. IPO  •  July 3, 2016
Advancer Global Limited ("AGL" or the "Company") is offering 43m new shares at $0.22 each for a listing on Catalist. The offering comprise 2m shares for the public and 41m shares via placement. The offer will close at 12pm on 7 July 2016 and starts trading on 11 July 2016 at 9am. The market cap based on the IPO price is $38.1m, AGL is an established and diverse integrated services provider offering the following business services:
  • Employment services - one stop shop for sourcing, employment and training of Foreign Domestic Workers ("FDWs") to households
  • Cleaning and Stewarding - integrated cleaning and stewarding solutions for hotels, hospitals, commercials and residential properties
  • Security Services - provide security guards to properties
The Company is an established name and all three businesses are profitable and generating recurring income. The Company also intend to pay out 50% of its net profit for FY ...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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